Apartment Property Sold

Wyndwood Apartments

Summary

CIVIC ADDRESS 155 East 19th Street, North Vancouver, BC
PARCEL IDENTIFIER 014-940-124
SITE SIZE 18,480 SF*
(131 x 141 ft) 
*All measurements are approximate
SUITE MIX 14 x Bachelor
15 x 1 Bedroom
29 Suites Total
OCP DESIGNATION Residential Level 5 - Medium Density
OCP DENSITY 2.6x FSR (1.6x base + 1.0x bonus), maximum 6-storeys
ASSESSED VALUE (2018) $10,755,000
STATUS FIRM DEAL

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The Opportunity

The CBRE National Apartment Group - BC is pleased to present the opportunity to acquire The Wyndwood Apartments, a 3-storey, 29-Suite Rental Apartment building situated on a large 18,480 SF Site, conveniently located in the Central Londsdale neighbourhood of North Vancouver. This is an incredibly compelling opportunity in a city that features a 0.8% vacancy rate with average rental rates approaching $1,424.

The Property is conveniently located less than 200 meters away from the Lonsdale Corridor, providing access to transit and an excellent cross-section of tenant friendly amenities. The Property boasts a desirable suite mix, which includes 14 one-bedroom suites and 15 two-bedroom suites, all of which were extensively renovated in 2009 with some receiving either new kitchen cabinets or new cabinet doors, bathroom cabinets, new flooring, and some appliance replacements.

The Subject Property is designated as Residential Level 5, which is intended for Medium Density Mid-Rise Apartments under the City of North Vancouver’s Official Community Plan, providing excellent future redevelopment potential.

Lonsdale Avenue is one of the main arterial roads in North Vancouver and has some of the best amenities that the North Shore has to offer, many of which are within walking distance of the Wyndwood Apartments, including: Loblaws City Market, Browns Social House, London Drugs, Starbucks, plus number of financial institutions, fitness centers, cafes & bakeries, The Public Library, and Lions Gate Hospital just down the street.

Property Photos